Sen. Ron Johnson, R-Wis., has voiced concern that the bill doesn't have provisions to help small businesses -- and Sen. Bob Corker, R-Tenn., said the bill would lead to federal deficit increases.

Republicans hold a 12-11 majority on the Senate Committee on the Budget. While neither has pledged to vote against the bill, "no" votes from Johnson and Corker would keep the bill from leaving committee. All Democrats on the committee are expected to vote against the bill.

The Red-State Revolt Spreads to Oklahoma
Republican voters soured on tax cuts in Kansas. Now a similar budget crisis is playing out in Oklahoma, and in a string of special-election wins, Democrats are taking advantage.

In a state that gave 65 percent of its vote to Donald Trump a year ago, the GOP controls pretty much everything: the governorship and every statewide office, both U.S. Senate seats, all five House seats. The state legislature is almost laughably one-sided; Republicans have super-majorities of more than 70 percent of the seats in each chamber.

But in the last four months, voters have repudiated those Republicans running in Oklahoma at the polls. Democrats have captured four state legislative seats held by the GOP, two in special elections for the House and two for the Senate. The most recent—and perhaps the most surprising—win occurred last week, when a 26-year-old lesbian Democrat named Allison Ikley-Freeman edged out the Republican candidate by 31 votes in a conservative state House district near Tulsa that went heavily for Trump in 2016. Democrats may have a chance to make an even bigger statement in a few months, when a vacancy caused by the likely Senate confirmation of Representative Jim Bridenstine to be NASA administrator could trigger a special congressional election in the district that includes Tulsa.

WASHINGTON — For years, a coalition of well-funded groups on the religious right have waged an uphill battle to repeal a 1954 law that bans churches and other nonprofit groups from engaging in political activity.

Now, those groups are edging toward a once-improbable victory as Republican lawmakers, with the enthusiastic backing of President Trump, prepare to rewrite large swaths of the United States tax code as part of the $1.5 trillion tax package moving through Congress.

Among the changes in the tax bill that passed the House this month is a provision to roll back the 1954 ban, a move that is championed by the religious right, but opposed by thousands of religious and nonprofit leaders, who warn that it could blur the line between charity and politics.

The change could turn churches into a well-funded political force, with donors diverting as much as $1.7 billion each year from traditional political committees to churches and other nonprofit groups that could legally engage in partisan politics for the first time, according to an estimate by the nonpartisan congressional Joint Committee on Taxation."

------

Tell me that's not a nightmare scenario where we turn the clock back 200 years.

“In terms of income as opposed to wealth, almost all of the new income generated in recent years has gone to the top 1 percent. In fact, the latest information that we have shows that in recent years, over 99 percent of all new income generated in the economy has gone to the top 1 percent.”

Hatch reacted with fury. “Nobody believes more in the CHIP program than I,” he shot back. “I invented it. We’re gonna do CHIP. There’s no question about it in my mind, and it’s gotta be done the right way. The reason CHIP’s having trouble is we don’t have any money anymore.”

“I have a rough time wanting to spend billions and billions and trillions of trillions of dollars to help people who won’t help themselves, won’t lift a finger, and expect the federal government to do everything,” Hatch said. “Unfortunately, the liberal philosophy has created millions of people that way, who believe everything they are or ever hope to be depend on the federal government rather than the opportunities that this great country grants them.”

Hatch was saying that there’s no money to extend CHIP, which would cost less than 1 percent of the cost of the tax cuts Hatch supports. You can tell what a party really cares about by watching what they’re willing to pass, financing be damned. When it comes to a program like CHIP, a policy founded with Republican support that literally provides health insurance for poor children, “We don’t have any money,” as Hatch said on the Senate floor.

The Tax Bill Shows Yet Again Republicans Only Care About States’ Rights When It Serves Them

“States’ rights” was the rallying cry of Republican governors challenging the constitutionality of the Affordable Care Act in 2010, and it was the animating ideal behind President Donald Trump’s decision this week to reduce the size of two federal monuments in Utah.

When state governments enact progressive policies at odds with Republicans’ national agenda, however, national GOP leaders do not hesitate to run roughshod over their supposedly cherished federalist principles.

“Their principal goal is to subdue and dismantle the welfare state,” and defending states’ rights is sometimes a means to that end, Gerstle argued. “Once states are no longer useful to them, in terms of their ambitions, they will quickly abandon their commitment to states’ rights.”

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Apple could get a $47 billion windfall from the tax bill and even Apple's CEO, Tim Cook, has explained this won’t boost investment. That pretty much shoots down the GOP's justification for the tax cut as a job creation act.

Richard Waters and Tom Braithwaite at the Financial Times ran the numbers yesterday and found that the Republican tax plan’s largest single winner is going to be Apple. For a sense of scale, that would cover four years’ worth of the federal tab for the Children’s Health Insurance Program which provides coverage to 9 million kids but is currently on hiatus since congressional Republicans say they can’t find the money.

Apple CEO Tim Cook has explained over and over again that shoveling billions into his corporate treasury won’t boost his investment spending.

He already has plenty of cash, but beyond that, when Cook wants Apple to invest more, he borrows the money.

Apple doesn’t really need any cash on hand to make investments.

Interest rates are low these days, and interest payments are tax deductible — and Apple keeps a lot of its balance sheet cash on the books of subsidiaries incorporated in offshore tax havens. Apple’s cash-management game is to bide its time until it gets a tax windfall (i.e., soon, if Republicans get their way) and then kick the windfall out to shareholders in the form of dividends or buybacks. It’s an important part of their overall corporate strategy, but it has nothing to do with investment or job creation, again, the GOP's fake justification for the tax cut.

The only thing Cook gets wrong is when he says Apple is in an “unusual” position in that regard. For all the same reasons that Apple doesn’t need extra cash to finance investment, no other company does either. Indeed, Apple’s own balance sheet “cash” consists largely of bonds — money that Apple loaned out to other corporations and contributes to the low interest rate environment in which it’s easy for companies to raise money for investment.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Quote:Originally posted by G:

Second - this is the thing. Everyone knows that the Republicans are lying and filling their masters' pants with cash. Voters, non-voters, children above the age of 5 know. But there's nothing we can do about. "Vote?!?" Yeah, right. Of all the remarkable lines in the sand that the Republicans and Trump and his global mafia have crossed, nothing will be as dramatic and telling as if Roy "the good ole days when we had slavery" Moore wins in Alabama. Talk about enshrining themselves as the party of pure evil. But we already know this.

Evil, you say? You are unfamiliar with Texans. The majority will continue to vote Republican, congratulating themselves for preserving goodness, regardless of what laws Congressional Republicans pass and Republican Presidents sign. Nothing will ever change Republican minds about how they must forever oppose the wicked Democrats and their evil social programs wasting precious tax dollars that ought to go to the military. For example:

WASHINGTON (Reuters) - Even before completing their overhaul of the U.S. tax code, Republicans in Washington have begun turning their attention to changes and possible cuts in the social safety net of government programs for the poor, children, elderly and disabled Americans.

President Donald Trump, House of Representatives Speaker Paul Ryan and other Republican officials in recent remarks have made clear that welfare or “entitlement reform,” as they often call it, will be a top priority for them in 2018.

“Next year, we’re going to have to get back to entitlement reform,” Ryan said on a radio talk show on Wednesday.

In Republican parlance, “entitlement” programs mean food stamps, housing assistance, Medicare and Medicaid health insurance for the elderly, poor and disabled, as well as other programs created to assist the needy. . . .

“The Republicans’ next chapter will be, ‘Oh, we have a deficit, we have to do something about it, let’s cut Medicare and let’s cut Medicaid,” Democratic Senator Ben Cardin told a news conference on Thursday.

Enacting the tax bill would trigger automatic cuts to a variety of programs, including Medicare, due to a congressional budget rule that requires laws that increase the deficit to offset it with cuts to mandatory spending programs.

The “pay-as-you-go” rule applies to the Medicare health insurance program for the elderly and disabled, but cuts to that program would be capped at 4 percent, or up to $28 billion in 2018, according to government estimates.

Republicans Bet Tax Cuts Would Help Their Political Fortunes. They May Have Misread That

Republican strategists for months have been urging lawmakers to notch a victory on taxes — anything, really, would count — so that they can have something to run on next year. So urgent the need, the argument went, that having nothing to show in 2018 could give Democrats’ a majority in the House and maybe even the Senate.

What they didn’t count on is this: for the first time in modern polling, tax cuts are more unpopular than tax hikes. That’s right, the Republican tax cuts that are likely to become law before the end of the year are underwater in the polls by 14 percentage points.

Meh... I guess we'll see when the elections happen. Clinton was regularly up 14% or more in the polls as well.

It wouldn't surprise me if this poll was accurate though. Most people I've ever known can't even fill out their own personal income tax return. It's easy to convince stupid people of anything you want when you can manipulate their emotions.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

The tax bill is junk, hastily drafted and full of exploitable loopholes. Once the tax lawyers and accountants get to work, they will find ways for their clients to avoid hundreds of billions in taxes that the Joint Committee on Taxation estimates assume will be paid. www.jct.gov

Imagine yourself as a wealthy, liquid taxpayer experiencing a surge in after-tax income because your accountant has found clever ways to exploit the idiocy of new legislation. It will be fun and lucrative, but you’d have to suspect that the fun will end eventually – that even this GOP, with this leadership, will eventually close the most outrageous loopholes.

We know what Ryan and McConnell will try to do before closing the loopholes: they'll try to use new deficits, larger than predicted, as an excuse to cut safety-net programs. But will they be able to get away with this with the memory of the tax scam still fresh in everyone’s memory? I’m pretty cynical about centrists and the propensity of the media to be taken in by charlatans, but I think this would probably be a bait and switch too far.

Put it this way: Republicans would surely use big deficits as an excuse to propose big cuts in social programs, but they’d face a barrage of hostile media coverage, plus lots of public demonstrations as in the case of health care, all reminding everyone that these deficits were created by their own dishonest promises just a few months earlier.

And imagine, as we should, that all of this would go along with many front-page stories about dubious business types abusing the new loopholes. Quite probably a political disaster for the GOP as it becomes clearer that their tax policies reward scammers.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Quote:Originally posted by 6IXSTRINGJACK:
Hope you've been investing in that moat that I suggested to you a while back, Second.

Luckily, Trump voters won't understand that when Trump Jr inherits real estate or stock and later sells it, he pays capital gains tax based only on the value of the property as of the date of Trump Senior's death. All those $billions capital gains during Trump's life will transfer tax free. Neither Senior nor Junior will ever pay income tax on those capital gains. It has been in the tax code forever and the latest "reform" did not repeal it. The reform could have placed an upper limit, like only the first $2 billion is tax free, but it did not.
www.nolo.com/legal-encyclopedia/if-you-inherit-home-do-you-qualify-the-home-sale-tax-exclusion.html

I'm perfectly safe because Trump voters, although they know something went wrong with their lives, will never understand in detail that it was the GOP's fault. The GOP will say it is Fake News and was really all Obama's fault and that's good enough explanation for them. The Democratic voters will be passive and unarmed, as is their way, and do nothing.

Republicans have developed a deep disdain for people who just work for a living, and this disdain shines through everything they do. Consider, in particular, the tweet Texas Senator John Cornyn put out about how the tax bill will help what he apparently imagines is an ordinary family:

Senator John Cornyn @JohnCornyn
Under #TaxCutsandJobsAct a married couple earning $100,000 per year ($60,000 from wages, $25,000 from their noncorporate business, and $15,000 in business income) will receive a tax cut of $2,603.50, a reduction of nearly 24 percent.
7:10 AM-19 Dec 2017

Yes, just your ordinary family that owns two businesses accounting for 40% of its income.

In reality, the vast majority of middle-class households have no business income . . .

The top 1% accounts for more than half of business income, and the top 5% for around 70% of the total. Since the value of the pass-through tax break depends on how high a marginal rate you pay on ordinary income, the benefits are even more skewed to the top.

Republicans have developed a deep disdain for people who just work for a living, and this disdain shines through everything they do. Consider, in particular, the tweet Texas Senator John Cornyn put out about how the tax bill will help what he apparently imagines is an ordinary family:

Senator John Cornyn @JohnCornyn
Under #TaxCutsandJobsAct a married couple earning $100,000 per year ($60,000 from wages, $25,000 from their noncorporate business, and $15,000 in business income) will receive a tax cut of $2,603.50, a reduction of nearly 24 percent.
7:10 AM-19 Dec 2017

Yes, just your ordinary family that owns two businesses accounting for 40% of its income.

In reality, the vast majority of middle-class households have no business income . . .

The top 1% accounts for more than half of business income, and the top 5% for around 70% of the total. Since the value of the pass-through tax break depends on how high a marginal rate you pay on ordinary income, the benefits are even more skewed to the top.

Insufficient data to make a determination here.

What would be the comparative tax break, if any, for a family making $100k of pure wage income?

I think "despise the working class" is a bit melodramatic, don't you? The Republicans use us to their great advantage, just as the Democrats do.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Quote:Originally posted by 6IXSTRINGJACK:

I think "despise the working class" is a bit melodramatic, don't you? The Republicans use us to their great advantage, just as the Democrats do.

I don't agree that the Democrats take advantage of you. The thing that always trips up Republican voters is they are not humble. They have a mightily inflated sense of their worth to the world. It makes them extremely vulnerable to insincere flattery and lies. It makes them extremely sensitive to slights against their "dignity" and they lap up fake respect like a cat lapping up milk. None of these character traits serve them well. If they really were intrinsically useful, they'd be paid more. Think doctor, lawyer, basketball player. They are better compensated because they made themselves more useful. You can make yourself useful by understanding how the GOP is scamming you and stopping them with either a ballot or a bullet. Malcolm Reynolds can kill with style, not the average Joe. A bullet is much harder to pull off with panache than a ballot. If you hit the wrong target with either ballot or bullet, you have only made things worse.

6ixStringJack, is your business making you cranky, bitter and estranged?

My business is more natural gas than crude oil. My Father didn't have oil, except for what was in the deep fat fryers at Burger King. He called himself a "Restaurateur", which is a fancy name for a Burger King manager in the town of South Houston, not to be confused with Houston, a major city. You and Republicans in general share something with my Father about having fancy and pretensions ideas about yourselves that can't be supported by your actual livelihood.

I and my older sister (occasionally my mother, too) worked at Burger King because of nepotism; I took advantage of my family connections to start working weekends when I was 13. (Later, my younger sister worked at Dairy Queen because we are a family of Restaurateurs.) I really liked my hamburger job, too. The other employees asked many times if I wanted to manage a Burger King just like my Father. I had a different plan. Having written that true story for 6ixStringJack's amusement, I'll get to taxes.

I am of two minds about the tax bill.

1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair. Kind of like my Father, stuck in a rut at Burger King until he died. My sister inherited when my Mother died the old Burger King sign (a king seated upon a burger) that decorated the "dining room" at the "restaurant". She is not displaying the sign with the respect it deserves. I think I'll ask for it so I can have proof of my origins and inheritance.

Quote:Originally posted by second:
Having written that true story for 6ixStringJack's amusement, I'll get to taxes.

Completely ignoring your autobiography since I don't believe anything you have to say about politics or the real world in the first place. I still suspect you're 23 years old and living in your mom's basement.

Quote:I am of two minds about the tax bill.

Do tell...

Quote:1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.

Oh... you mean, just like Democrats.

Quote:I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.

So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Quote:Originally posted by 6IXSTRINGJACK:

Quote:Originally posted by second:
Having written that true story for 6ixStringJack's amusement, I'll get to taxes.

Completely ignoring your autobiography since I don't believe anything you have to say about politics or the real world in the first place. I still suspect you're 23 years old and living in your mom's basement.

Quote:I am of two minds about the tax bill.

Do tell...

Quote:1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.

Oh... you mean, just like Democrats.

Quote:I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.

So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.

I consistently believe that altering the tax code will NOT actually boost the economy. The tax rates were much higher in the past and the economy boomed wayback then, you know, from WWII to the last lunar landing. It boomed because the Federal government was spending freely on all kinds of things that the GOP did not approve of.

The fastest way for the US to get back to those boom years again would be to freely spend on all kinds of things that the GOP does not approve of but the Democratic Party does approve. That would require taxes to be raised on the wealthy, rather than lowered. But 6ixStringJack has made his choice for lower taxes and therefore America will NOT boom for the bottom 50% of Americans. Too bad for them, but what can I do about the GOP? Nothing more than cash the checks the GOP sends me with their new tax bill. I'm not too proud to accept free money.

Quote:Originally posted by second:
I am of two minds about the tax bill.

Do tell...

Quote:1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.

Oh... you mean, just like Democrats.

Quote:I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.

So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.

I consistently believe that altering the tax code will NOT actually boost the economy. The tax rates were much higher in the past and the economy boomed wayback then, you know, from WWII to the last lunar landing. It boomed because

there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War.

Quote:The fastest way for the US to get back to those boom years again would be to freely spend on all kinds of things that the GOP does not approve of but the Democratic Party does approve. That would require taxes to be raised on the wealthy, rather than lowered. But 6ixStringJack has made his choice for lower taxes and therefore America will NOT boom for the bottom 50% of Americans. Too bad for them, but what can I do about the GOP? Nothing more than cash the checks the GOP sends me with their new tax bill. I'm not too proud to accept free money.

So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

The Ultra Liberal Tax Policy Center is now claiming to be non-partisan?
And you believe this crap, or is your tongue planted firmly in cheek?

Golly gee whiz and Shazaam! Batman, you mean that after Obamination ignoring infrastructure for 8 years, Civil Engineers suddenly paint doom and gloom if we don't create Engineering jobs?
I am shocked, just shocked, I say.

Lost jobs in 2025 will be the fault of the POTUS then, which won't be Trump. But you could blame it on Clinton and Obamination.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

Quote:Originally posted by JEWELSTAITEFAN:

The Ultra Liberal Tax Policy Center is now claiming to be non-partisan?
And you believe this crap, or is your tongue planted firmly in cheek?

Golly gee whiz and Shazaam! Batman, you mean that after Obamination ignoring infrastructure for 8 years, Civil Engineers suddenly paint doom and gloom if we don't create Engineering jobs?
I am shocked, just shocked, I say.

Lost jobs in 2025 will be the fault of the POTUS then, which won't be Trump. But you could blame it on Clinton and Obamination.

Wrong again. It is Congress, not the President, that decides how much to spend on infrastructure. A President is the tail wagging on the Congressional dog. Did I mention that Congressional Republicans could block Obama proposed spending for 6 years out of 8?

JewelStaiteFan, if you've got a different estimate of the tax cut than the one from the Houston Chronicle and San Antonio Express-News, what is it?

From the same newspaper story: Brady and other Republicans point out that a typical family of four earning the median income of $73,000 will receive a tax cut next year of $2,058. With a doubling of the child tax credit, a single mom with one kid making $41,000 will see a tax cut of $1,304.

Sounds great, except: Whether it's $2,058 or $1,304, those families will not be spending that money on new roads or sewage treatment plants. They will be paying credit card debts, and that will NOT be paying for infrastructure. And not paying means $3.9 trillion in losses to the U.S. GDP by 2025. To get a $1.5 trillion tax cut, Trump's Congress is going to do $3.9 trillion in damage to the USA according Civil Engineers, who are all libtards.
www.infrastructurereportcard.org/the-impact/economic-impact/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

How much tax cut per year?

$11 million to $15 million for Trump (based on an estimate of $150 million of passthrough income from reviewing his financial disclosure, and the $109 million in real estate/pass-through income on his 2005 tax return);

$5 million to $12 million for Jared Kushner, White House senior adviser and Trump's son-in-law; and

A central selling point of the tax bill is that it will encourage investment. But that assumes that high tax rates were the primary reason why business wasn't investing. Instead, the data says business investment is weak because the U.S. has a ton of spare capacity.

I actually saw the CEO of a Texas based oil service company go on CNBC and say that if they did not pass the tax bill he would not donate to another republican, ever.

Linda BEale, December 21, 2017 3:46 pm

Well, goes to show that corporate donors – especially ones in the GOP-favored oil and gas industry – see themselves as in the driver’s seat when it comes to getting tax laws that they like, at least so long as the GOP is in control of both houses of Congress.

One more piece of evidence weighing in favor of strong ‘get out the vote’ efforts by Democrats for 2018.

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?

If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.

Trump, Kushner, et al, will not be getting any windfallz kuz they will be in prizon. All there holdingz will be auctioned off to repay the stolen money, settle their many lawsuits and return rubblez to Russian pezants.

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?

If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.

Where was this argument during the Trillions wasted on Quantitative Easing?

Americans in states that Donald Trump carried in his march to the White House account for more than 4 in 5 of those signed up for coverage under the health care law the president still wants to take down.

An Associated Press analysis of new figures from the government found that 7.3 million of the 8.8 million consumers signed up so far for next year come from states Trump won in the 2016 presidential election. The four states with the highest number of sign-ups — Florida, Texas, North Carolina and Georgia, accounting for nearly 3.9 million customers — were all Trump states.

The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:

Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:

1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/

Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?

If Congress spends $1.5 trillion on tax cuts, it won't have that $1.5 trillion to spend on "infrastructure". Not spending on the repair of "infrastructure" will cost $3.9 trillion in losses to the U.S. GDP by 2025, Trump's last year. Clear enough? I need write no more because Trump is gonna explain it to you in great and accurate detail during his State of the Union speech on Jan 30, 2018. Or maybe not since he'd feel obligated to give back his $15 million cut per year of the tax cut if Congress does not increase spending on "infrastructure" by $1.5 trillion in early 2018.

Where was this argument during the Trillions wasted on Quantitative Easing?

The Federal Reserve targets the supply of money by buying or selling government bonds. When the economy stalls and the central bank wants to encourage economic growth, it buys government bonds. It pays for the bonds with money it prints. It doesn't ask those ignorant motherfuckers in Congress for permission. Why not? Because quantitative easing is nothing like a tax. It's money created out of thin air. The worst that can happen is that all this newly created money can make inflation soar to 10% or 20% or 30% per year, but that didn't happen. It is still at 2%.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

The tax bill just passed, presented as a tax cut for workers and job-creating entrepreneurs, is instead a giant cut for those with capital and inherited wealth. It’s a bill that rewards the past, not the future.

Critically, the bill massively cuts corporate income taxes, mainly by reducing the corporate tax rate from 35% to 20%. Whatever one believes about the long-term effects of cutting corporate taxes, it is clear that in the short and medium term, the cut overwhelmingly benefits shareholders who can reap their additional profits without any extra work.

The US has experienced a perfect storm of radical policy changes: the federal minimum wage has collapsed, unions have been weakened and access to higher education has become increasingly unequal. At the same time, deregulation in the finance industry and overly protective patent laws have contributed to booms on Wall Street and in the healthcare sector, which now makes up 20% of national income.

It’s a tale of two countries: the top half’s income has been growing at roughly the same rate as China, while for the 117 million American adults in the bottom 50%, income growth has been nonexistent for a generation. Many observers have been quick to blame globalisation, China and technology for the stagnation of working-class wages in the US. But the data from countries other than the US, presented in our report http://wir2018.wid.world/ , offers a fuller picture. The US has run a unique experiment since the 1980s – and the results have been uniquely disastrous. Bad policy can have a real impact on millions of lives, for decades. But what governments have done, they can still undo.

To not know that Bernie opposed the tax cut, a Bernie “supporter” or a “Liberal” has to be willfully ignorant.

When the Republican Tax Bill passed the Senate all 48 Democrats voting against. The House voted 227 to 203 to pass the bill, with 12 Republicans voting against it and no Democrats voting for it. One of the Senators voting against the Tax Bill was Bernie, just in case you need that explained to you, AURaptor. I never can know how little you know.
www.nytimes.com/2017/12/19/us/politics/tax-bill-vote-congress.html

On a thousand different occasions over many years, Jay Leno proved that Americans who are questioned on the street don't know the answers.

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